BNY Mellon Wealth Management has hired Peter Moertl, a wealth management professional with deep investment and private banking experience serving high net worth clients, to head its International Wealth Management group. Moertl will be based in London and report to Donald J. Heberle, head of BNY Mellon's Family Office Services and International Wealth Management business.
"Peter brings invaluable wealth management expertise and international perspective as we focus on expanding internationally through organic growth, strategic partnerships and/or acquisitions," Heberle said. "BNY Mellon Wealth Management is in a particularly strong position for global growth thanks in part to our company's financial strength, extensive international network and wide array of products and services to serve high net worth clients."
Moertl, an Austrian national, has served a number of firms both in Europe in the U.S. where he worked for 18 years on Wall Street. Most recently, Moertl ran an independent wealth advisory firm, Dr. Moertl Consult, which he founded in 2008 to advise large Swiss and international family investors on acquiring private banks and independent asset managers. Prior to that he served as chief executive of Zurich Wealth Management Group, an acquisition and consolidation platform for independent asset managers in Europe. Moertl has also held positions at several companies, including UBS, Deutsche Bank and JP Morgan.
He earned his MBA from the American Graduate School of International Management and a doctorate in law from the University of Vienna.
BNY Mellon Wealth Management is among the world's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $154 billion in private client assets and an extensive network of offices in the U.S. and internationally.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a world wide client-focused team. It has $22.3 trillion in assets under custody and administration and $1.1 trillion in assets under management, services $12 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.